Cambiar Investors LLC Grows Holdings in Alphabet Inc (GOOGL)

Cambiar Investors LLC boosted its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 1.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,535 shares of the information services provider’s stock after purchasing an additional 999 shares during the quarter. Alphabet comprises about 1.3% of Cambiar Investors LLC’s portfolio, making the stock its 17th biggest position. Cambiar Investors LLC’s holdings in Alphabet were worth $55,942,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vestor Capital LLC purchased a new position in shares of Alphabet in the 3rd quarter valued at $62,000. Lavaca Capital LLC purchased a new position in shares of Alphabet in the 4th quarter valued at $97,000. Sound Income Strategies LLC increased its holdings in shares of Alphabet by 71.4% in the 4th quarter. Sound Income Strategies LLC now owns 96 shares of the information services provider’s stock valued at $100,000 after acquiring an additional 40 shares during the period. Matthew Goff Investment Advisor LLC purchased a new position in shares of Alphabet in the 3rd quarter valued at $107,000. Finally, CX Institutional increased its holdings in shares of Alphabet by 93.1% in the 4th quarter. CX Institutional now owns 112 shares of the information services provider’s stock valued at $117,000 after acquiring an additional 54 shares during the period. Institutional investors own 33.99% of the company’s stock.

Shares of GOOGL opened at $1,241.47 on Friday. Alphabet Inc has a one year low of $977.66 and a one year high of $1,291.44. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The stock has a market cap of $863.05 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 1.44 and a beta of 1.05.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, topping the Zacks’ consensus estimate of $11.08 by $1.69. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The company had revenue of $31.84 billion during the quarter, compared to analysts’ expectations of $31.28 billion. During the same quarter in the previous year, the firm posted $9.70 EPS. As a group, equities research analysts expect that Alphabet Inc will post 47.49 earnings per share for the current year.

A number of brokerages have recently issued reports on GOOGL. Pivotal Research upgraded Alphabet from a “hold” rating to a “buy” rating and lifted their price target for the company from $1,010.00 to $1,240.00 in a report on Monday, January 7th. William Blair reiterated an “outperform” rating on shares of Alphabet in a report on Tuesday, February 5th. ValuEngine upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Nomura lowered their price objective on Alphabet from $1,350.00 to $1,310.00 and set a “buy” rating for the company in a research report on Tuesday, February 5th. Finally, Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,234.00 price objective for the company in a research report on Monday, January 28th. Two analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,329.91.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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